please complete as soon as possible, contact me if you feel any information are missing ! Thank You

Problem 7-9 Monty Corp. had the following long-term receivable account balances at December 31, 2016. Notes receivable - Sale of division Notes receivable - Employees $1,809,600 416,500 Transactions during 2017 and other information relating to Monty's long-term receivables were as follows: 1. The $1,809,600 note receivable is dated May 1, 2016, bears interest at 8%, and represents the balance of the consideration received from the sale of Monty's electronics division to Sandhill Company. Principal payments of $603,200 plus appropriate interest are due on May 1, 2017, 2018, and 2019. The first principal and interest payment was made on May 1, 2017. Collection of the note instalments is reasonably assured. 2. The $416,500 note receivable is dated December 31, 2016, bears interest at 7%, and is due on December 31, 2019. The note is due from Marcia Cumby, president of Monty Corp., and is secured by 11,200 Monty's common shares. Interest is payable annually on December 31, and the interest payment was made on December 31, 2017. The quoted market price of Monty's common shares was $40 per share on December 31, 2017. 3. On April 1, 2017, Monty's sold a patent to Carla Vista Company in exchange for a $216,000 non-interest-bearing note due on April 1, 2019. There was no established exchange price for the patent, and the note had no ready market. The prevailing rate of interest for a note of this type at April 1, 2017, was 11%. The present value of $1 for two periods at 11% is 0.81162 (use this factor). The patent had a carrying amount of $41,800 at January 1, 2017, and the amortization for the year ended December 31, 2017 would have been $7,200. The collection of the note receivable from Carla Vista is reasonably assured. 4. On July 1, 2017, Monty's sold a parcel of land to Teal Mountain Inc. for $193,000 under an instalment sale contract. Teal Mountain made a $51,000 cash down payment on July 1, 2017, and signed a four-year, 13% note for the $142,000 balance. The equal annual payments of principal and interest on the note will be $47,740, payable on July 1, 2018, through July 1, 2021. The land could have been sold at an established cash price of $200,000. The cost of the land to Monty's was $149,000. Collection of the instalments on the note is reasonably assured. On August 1, 2017, Monty's agreed to allow its customer, Saini Inc., to substitute a six-month 5. note for accounts receivable of $200,000 it owed. The note bears interest at 6% and principal and interest are due on the maturity date of the note. Click here to view the factor table. The tables in this problem are to be used as a reference for this problem. (For calculation purposes, use 5 decimal places as displayed in the factor table provided.) Describe the relevant cash flows in terms of amount and timing. Cash inflows from notes 2017 2018 2019 2020 2021 8% Note receivable $ Principal Interest $ $ $ $ 7% Note receivable Principal Interest Noninterestbearing note receivable Payment Instalment contract receivable Down payment Payment 6% Note receivable Principal Interest $ $ $ $ $ Total LINK TO TEXT LINK TO TEXT LINK TO TEXT Determine the amount of interest income that should be reported in 2017. (Round answers to 0 decimal places, e.g. 8,971.) Note ReceivableSale of Division $ $ Note ReceivableEmployees $ Zero-interest-bearing NotePatent $ Instalment ContractSale of Land $ Note Receivable - Saini $ Total Interest Income reported in 2017 LINK TO TEXT LINK TO TEXT LINK TO TEXT Determine the portion of the note and any interest that should be reported in current assets at December 31, 2017. (Round answers to 0 decimal places, e.g. 9,871.) $ Current portion of notes receivableSale of Division $ Current portion of instalment contract $ Note receivable from customer $ Total current notes and interest LINK TO TEXT LINK TO TEXT LINK TO TEXT Determine the portion of the note that should be reported as a long-term investment at December 31, 2017. (Round answers to 0 decimal places, e.g. 8,971.) $ Note receivableSale of Division $ Note receivableEmployees $ Zero-interest-bearing NotePatent $ Instalment ContractSale of Land $ Total long-term investment LINK TO TEXT LINK TO TEXT LINK TO TEXT Prepare the long-term receivables section of Monty's statement of financial position at December 31, 2017. (Round answers to 0 decimal places, e.g. 8,971.) Monty Corp. Long-Term Receivables Section of Balance Sheet December 31, 2017 $ 8% note receivable from sale of division 7% note receivable from employees Zero-interest-bearing note from sale of patent Instalment contract receivable $ Total long-term receivables LINK TO TEXT LINK TO TEXT LINK TO TEXT Prepare a schedule showing the current portion of the long-term receivables and accrued interest receivable that would appear in Monty's statement of financial position at December 31, 2017. (Round answers to 0 decimal places, e.g. 8,971.) Monty Corp. Selected Balance Sheet Balances December 31, 2017 Current portion of long-term receivables: $ Note receivable from sale of division Instalment contract receivable $ Total current portion of long-term receivables Accrued interest receivable: $ Note receivable from sale of division Instalment contract receivable Note receivable from customer $ Total accrued interest receivable LINK TO TEXT LINK TO TEXT LINK TO TEXT Determine the total interest income from the long-term receivables that would appear on Monty's income statement for the year ended December 31, 2017. (Round answer to 0 decimal places, e.g. 8,971.) $ Total interest income for year ended 12/31/17